If you are planning to invest in an IPO, here’s some useful information. Several IPOs are set to launch next week, including one from Monarch Surveyors & Engineering Consultants, a civil engineering consultancy based in Maharashtra.
The Monarch Surveyors IPO will open for subscription on Tuesday, July 22, 2025, and will remain open for three days, closing on Thursday, July 24, 2025.
This IPO is worth ₹93.75 crore and includes 37.5 lakh fresh equity shares. There is no offer for sale (OFS) in this issue.
Price Band, Lot Size, and Investor Details
Price Band: ₹237 to ₹250 per share
Minimum Lot Size: 600 shares
Retail Investment: Minimum of ₹3,00,000 for 2 lots at the upper price
HNI Investment: Minimum of ₹4,50,000 for 3 lots (1,800 shares)
As per the Red Herring Prospectus (RHP):
Over 50% of shares are reserved for Qualified Institutional Buyers (QIBs)
Less than 35% for Retail Investors
15% for Non-Institutional Investors (NIIs)
Grey Market Premium and Listing Info
As per Investorgain.com, the Grey Market Premium (GMP) is ₹60. This suggests the shares could list around ₹310, giving investors a potential 24% gain on listing.
Basis of Allotment: Expected on Friday, July 25, 2025
Listing Date: Likely on Tuesday, July 29, 2025, on the BSE SME platform
Bigshare Services is the registrar for this IPO, and Beeline Capital Advisors is the sole book-running lead manager.
